SEATTLE,
Jan. 20, 2014 /PRNewswire/
-- Boeing (NYSE: BA) and GE Capital Aviation Services (GECAS), the
commercial aircraft leasing and financing arm of General Electric (NYSE:
GE), announced today an order for 40 737s. The order, valued at
$3.9 billion
at list prices, consists of 20 737 MAX 8s and 20 Next-Generation
737-800s. The order, booked in 2013, was previously attributed to an
unidentified customer on Boeing's Orders and Deliveries website.
"We ordered more 737 MAX 8s and Next-Generation 737-800s because
demand continues to grow as our airline customers require more
fuel-efficient aircraft to compete in the marketplace," said
Norman C.T. Liu, president and chief executive officer, GECAS. "This order further strengthens the large GECAS order book."
 |
SEATTLE, Jan. 20, 2014 – Boeing (NYSE: BA) and GE Capital Aviation
Services (GECAS), the commercial aircraft leasing and financing arm of
General Electric (NYSE: GE), announced today an order for 40 737s. The
order, valued at $3.9 billion at list prices, consists of 20 737 MAX 8s
and 20 Next-Generation 737-800s. The order, booked in 2013, was
previously attributed to an unidentified customer on Boeing’s Orders and
Deliveries website.
Pictured here is a 737 MAX 8 and Next-Generation 737-800 in GECAS livery. |
The follow-on order increases the GECAS order book for the 737 MAX to
95 airplanes and the Next-Generation 737 to 387 airplanes, the most for
both models by any company in the leasing industry.
"GECAS is an industry leader and this follow-on order reinforces the
value of the Next-Generation 737 and 737 MAX in the leasing market,"
said
John Wojick, senior vice president
of Global Sales, Boeing Commercial Airplanes. "The 737 MAX will provide
GECAS's airline customers with the best-in-class operating efficiencies
and passenger amenities."
The Boeing 737-800 is one of the best-selling versions of the highly
successful Next-Generation 737 family, the most technologically advanced
airplanes in the single-aisle market. The Next-Generation 737's market
success has been confirmed by investors who consistently rank it as the
most preferred single-aisle airplane due to its wide market base,
superior performance efficiency and lowest operating costs in its class.
The 737 MAX brings the most advanced engine technologies to the
world's best-selling airplane, building on the strengths of today's
Next-Generation 737. The 737 MAX incorporates the latest-technology CFM
International LEAP-1B engines to deliver the highest efficiency,
reliability and passenger comfort in the single-aisle market. Airlines
operating the 737 MAX will see an 8 percent operating cost per seat
advantage over tomorrow's competition. To date, 32 customers have
ordered 1,763 MAX airplanes.
With today's announcement, GECAS has ordered 638 airplanes directly
from Boeing, which includes 737s, 747s, 757s, 767s, 777s and 787s. To
date, GECAS has taken delivery of 459 of the airplanes.
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing
business of GE, has a fleet of over 1,630 owned and serviced aircraft
with over 230 airlines. With 40+ years of industry experience, GECAS is
recognized as the pre-eminent airline leasing company in the world,
offering a wide range of aircraft types and financing options, including
operating leases and secured debt financing. GECAS also provides an
ever expanding array of productivity solutions including spare engine
leasing, airport and airline consulting services, and spare parts
financing and management. GECAS, a unit of GE Capital, has offices in 23
cities around the world, and services customers in over 75 countries. (
www.GECAS.com)
GE (NYSE: GE) works on things that matter. The best people and the
best technologies taking on the toughest challenges. Finding solutions
in energy, health and home, transportation and finance. Building,
powering, moving and curing the world. Not just imagining. Doing. GE
works. For more information, visit the company's website at
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